Iran Economy News

Iran vows crackdown if merchants strike over cuts in subsidies

Bloomberg: Iran’s government vowed a crackdown against merchants in the nation’s bazaars, an economic force whose 1979 shutdowns helped to topple the monarchy, if...

U.A.E. cuts off ties to Iran banks

Wall Street Journal: Banks in the United Arab Emirates have curtailed financial dealings with a handful of Iranian banks blacklisted by the U.S. Treasury,...

Iran gasoline capacity to keep growing -report

Reuters: Iran is expanding one of its main refineries as part of a drive to rapidly increase gasoline production capacity, a refinery official said,...

After currency crash, more worries for Iranian economy

Washington Post: President Mahmoud Ahmadinejad's government, already faced with growing opposition from competing political forces within Iran, is confronting new pressure brought on by...

Rial rebounds against dollar in sanctions-hit Iran

AFP: Iran's rial rebounded against the dollar on Tuesday as banks in the Islamic republic offloaded the greenback to curb the local currency's recent...

Iran’s rial stays fragile despite central bank move

Reuters: Iran's currency, the rial, defied central bank attempts to revive its value on Sunday, remaining weak after falling 13 percent against the dollar...

Statoil eyes exit from Iran by 2012 or earlier

Reuters: Norwegian energy group Statoil said on Friday it would conclude work in Iran by 2012 at the latest and is now only providing...

US hits Iranian energy firm with sanctions

AP: The Obama administration on Thursday slapped sanctions on a Swiss-based Iranian company involved in Iran's oil and gas sector and claimed success in...

Latest news

US Slaps New Sanctions on Iran’s Drone Program

On Thursday, April 25, the United States imposed new sanctions on the regimes of Iran and Russia. According to a...

Iran’s Regime Sentences Singer Toomaj Salehi to Death

Amir Reisian, Toomaj Salehi’s lawyer, says the so-called “Revolutionary Court” in an "unprecedented" move has sentenced this dissident singer...

Iran Faces Severe Medicine Shortage and Lack of Government Funding

The Health and Treatment Commission of Iranian regime’s Majlis (parliament) recently released a report highlighting the dire situation of...

Must read

US Slaps New Sanctions on Iran’s Drone Program

On Thursday, April 25, the United States imposed new...

Iran: 9 Prisoners Executed in One Day

The Iranian regime executed five prisoners in Kerman prison...

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UK court OKs extradition over Iran missile claims

AP: Britain's High Court said Friday a retired businessman...

Financing death: Iran’s ‘War on Drugs’

UPI: This controversial drug control program, financed both bilaterally...

Iran police chief says all oil-city bombers arrested

Iran Focus: Tehran, Iran, Mar. 13 – The head...